"Cost of sales" equals the total value of all the products purchased during an operating period plus freight in.

Name: "Cost of sales" equals the total value of all the products purchased during an operating period plus freight in.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

"Cost of sales" or "cost of goods sold" includes the cost of manufacturing or purchasing the products sold during the period, not just the total value of all products purchased. It also includes freight in, but it is adjusted for inventory changes.

"Cost of Sales" Equals the Total Value of All the Products